The New York Times just sold an NFT for more than half a million dollars

The New York Times has entered the NFT game, selling the chance to own “the first article in the almost 170-year history of The Times to be distributed as an NFT” — and it’s sold for right around $560,000. While the Paper of Record isn’t the first brand (or even the first news organization) to sell one of the digital tokens, it’s certainly been one of the more successful.

The auction for the NFT was announced in a column by Kevin Roose, which acts as both an NFT explainer and a sales pitch for why someone should buy the article. The author is also able to talk about what the process of actually minting an NFT and putting it up for auction is like.

Like other branded NFTs, the NYT added a few extras to sweeten the deal. Of course, there’s a PNG of the article that the NFT points to, but the buyer will also be sent a congratulatory voice memo from the host of The Daily podcast and be featured in a follow-up article about the NFT’s sale.

As with many of the branded NFTs, the proceeds of the sale will be going to charity (specifically the NYT’s Neediest Cases Fund). Which is great, because it’s a mind-boggling amount of money: enough to buy two millennia’s worth of NYT digital subscriptions. The paper hasn’t yet said if or how it plans to offset the carbon emissions from the sale.

When asked for comment on the sale, Roose simply responded with “wow.”

Originally posted: Source link


Leave a Reply

Subscribe to our newsletter

Join our monthly newsletter and never miss out on new stories and promotions.
Techhnews will use the information you provide on this form to be in touch with you and to provide updates and marketing.

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at newsletter@techhnews.com. We will treat your information with respect.

%d bloggers like this: